Fed Meeting June 2024 Impact. Us consumer prices were flat in may compared to april, slowing the annual rate of inflation. The fed's cautious approach indicates that it seeks more substantial evidence of sustained inflation reduction before considering significant rate cuts.

The federal open market committee (fomc), the central bank’s policy committee, said wednesday that it would hold the influential interest rate in a range of 5.25% to 5.5%, where it’s been. This was quite expected, as it gives the fed additional time to evaluate if.